FORWARD AIR CORP — Director's Dealing 2020

Feb 6, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORWARD AIR CORP (FWRD)
CIK: 0000912728
Period of Report: 2020-02-04

Reporting Person: Hance Michael L (CLO and Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-04	Common Stock	A	2502	—	Acquired	34821.1729	Direct
2020-02-04	Common Stock	F	276	—	Disposed	34545.1729	Direct

Footnotes

F1: Award of time-vesting restricted stock under the Forward Air Corporation 2016 Omnibus Incentive Compensation Plan in a transaction exempt from Section 16(b)under Rule 16b-3. The stock vests equally in one-third increments over three years commencing 2/4/21 and fully vesting on 2/4/23.

F2: Includes 5.0776 shares acquired under the Issuer's employee stock purchase plan in June and December 2019.

F3: Restricted stock withheld by Issuer to satisfy minimum tax withholding obligation on vesting of restricted stock.